An exchange-traded fund (ETF) is an index-tracking fund that trades on a stock exchange and are generally used to track the performance of a specific market index. They change in value throughout the trading day as they mimic the performance of their designated index.
According to Morningstar’s European passive fund analyst team, it is important to know that ETFs are only a part - albeit the biggest part - of a broader family now commonly referred to as exchanged-traded products (ETPs)...............................................Full Article: Source